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Wheat price today
Grains · US cents per bushel · ZW=F futures.
Wheat is at 592.75 US cents per bushel, up 1.45% on the day.
This price is older than usual; the quote feed may be delayed or markets closed.
Price over the latest trading session.
About wheat
Wheat futures traded in Chicago set a global reference price for the world's most widely traded food grain. Russia and Ukraine together supply a large share of world exports through the Black Sea, so the war, port attacks and export restrictions are major price drivers, alongside weather in the US, Europe and Australia.
What moves the price
- Black Sea exports: Russian and Ukrainian shipments through the Bosphorus feed North Africa and the Middle East.
- Weather: Droughts or floods in major growing regions cut harvests.
- Export restrictions: Bans or quotas by big exporters remove supply from the world market.
Related
Shipping chokepoints: Bosphorus (Turkish Straits), Kerch Strait, Suez Canal.
Country risk: Russia, Ukraine, United States, Egypt, Turkey.
Other grains: Corn.
FAQ
What is the Wheat price today?
Wheat is at 592.75 US cents per bushel, up 1.45% on the day.
How does the war in Ukraine affect wheat prices?
Russia and Ukraine are among the largest wheat exporters, and most of their grain leaves through Black Sea ports and the Bosphorus. Attacks on ports or ships, and changes to export corridors, move prices quickly.
Which countries depend most on wheat imports?
Egypt, Turkey and many countries in North Africa and the Middle East import large volumes, much of it from the Black Sea region, so supply disruptions hit their food prices hardest.